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Search Results 0 to 5 of about 6 (some duplicates have been removed)
. but now we find out the department of energy gave the company another million the very same day it went belly up. what is up with this? some kind of consolation prize? cnbc's own eamon javers has more. good evening, eamon. >> good evening, larry. more information about the batterymaker a-123. it's a company that's been at the center of the fire storm over whether the government should provide grants and loans tone ji company. senator chuck grassley putting out new information stayed. grassley a republican in washington says saying that a123 received a grant from the federal government, the department of energy, on the same day that it filed for bankruptcy. grassley releasing this information in a letter from the company to the senator. we skpd the department of energy about this. here's what they said. they said the energy department takes its responsibility to be good stewards of the taxpayers' money very seriously. funds are only disbursed to a company for work already completed toward the ultimate goal of the department's grant. and larry, i should say that this was a grant for work
in the oil market where the international energy agency has released another monthly report saying they see the global demand growth for oil sliding in this quarter and next year. they reduced the forecast there. we're also seeing production that is coming back online from the north sea. that's pressuring present crude prices and we expect to see another increase in crude supplies here in the u.s. for the weekly supply report. that also adding pressure to the wti contract. the only bright spark in the marketplace is natural gas. it is up for the second straight session. and there we may see a withdrawal from storage. first of the season as we get into the winter months. colder temperatures ahead also could help prop up natural gas futures. we're going to get that report on thursday from the energy information administration. i'm trying to get my acronyms straight here. on thursday we'll also get the oil report. it's going to come a day later because of the veterans day holiday. back to you guys. >> there are a lot of letters in your part of the world. >> there are. there are. >> thanks a lo
technology business is growing so solutions like that are places we're putting a large amount of our energy behind but we're also counting on the federal government to help us with some certainty, one part has been solved, we have a president for the next four years, now we have to get fiscal tax issues resolved so we can solidify, our customers can feel better and question participate more with them. >> to that point you are meeting with the president, one of many ceos who will be meeting with him tomorrow i believe. what do you plan to tell the white house at that point? what is the most important issue and how do you come at it in terms of giving him some feedback for what the business communities sees in all of this? >> first thing we'll do is listen a little bit to what he has to say and what his plans are for the second term, but i think the business community and me in particular have been very clear. we need a solution to this fiscal cliff that's coming. i have to believe that logic will prevail here with some hard work and it will get a solution and we also need a tax policy that i
at invensense. >> two in a row. we've got some real homework to do. louis in texas. >> caller: sandridge energy. sd. >> not unlike magnum hunter being challenged by a big holder. tom ward has cobbled together a lot of about g. properties for sandridge, but oil needs to be up big for this thing to work and oil's not. so the stock is going to languish and lose points. let's go to joe in maine. joe! >> caller: yes. hi, jim. my stock is arena pharmaceuticals. arna. >> even in a good market, i don't want to own arena because it's got competition from vivus and because i don't believe in the diet drugs. but you've got a chance to sell and you should do that. jim in arizona. >> caller: ak steel. >> when this stock was higher i said sell sell sell. the company argued its case to me. i said okay, i'll present the other side. the other side, their case was wrong. the stock is going lower. it's very difficult to own a steel stock, even nucor. i don't want to touch it. let's go to grant in hawaii. grant. >> caller: bwa. borg warner and considering buying more -- >> i waent you to hold off on that. why? bec
elsewhere. >> the american society of civil engineers gives our energy infrastructure a d-plus grade. look that the devastation two weeks after the storm hit. i give our infrastructure an f. this is infrastructure. this is america. this is 2012. this is two weeks after the storm hit. this is despicable. screws come from all over the united states to help in this recovery effort. i'm joined here by jerry up from nashville, tennessee. jerry, talk to me about the communication. what was it like when you first got up here? >> it seems like it was slow, real, real slow here. you know, seemed like people -- seemed like a lot of people didn't know what was going on. >> one of the biggest questions facing all of nassau county is that they don't have utility poles. they have been waiting for poles, the rulers were the poles were coming down from montreal. there were other stories that the poles were in customs, immigration was holding them up. well, guess what, we found the poles. when did these polls get delivered here to the park, do you know? >> i have no idea. i have only about here since satur
Search Results 0 to 5 of about 6 (some duplicates have been removed)